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Treasury Outsourcing in Practice

SGS decided to outsource many of its treasury activities to a third party provider, which proved to be a highly successful move.

SGS’s Group Treasurer outlines the various parameters involved in choosing an outsourcer and the risks and rewards – useful advice for companies contemplating a similar step.

Key Points

  • After a management change in 2002, SGS decided to outsource many of its treasury activities to a third party provider
  • An outsourcer in Dublin was chosen to undertake some treasury activities, while SGS maintained control over bank relationship management, treasury policies, capital market transactions and position taking
  • This move was highly successful and only ended when the Dublin outsourcer wound up its treasury business; SGS then chose an outsourcing provider based in Switzerland
  • The author outlines the various parameters involved in choosing an outsourcer, the risks and rewards, and provides useful advice to companies contemplating a similar step

 

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Written by:

expert

Heinz Bahni

SGS Group

Group Treasurer

This article is available as part of an extensive case studies collection: Corporate Finance Series

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Corporate Case Studies

Best practice articles written by CFOs and treasurers with real world experiences. Our case studies provide practical insights into the key issues that affect the day-to-day running of a treasury department.

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